not good ... only $1,065,000 left in the bank and currently spending close to $400,000 a quarter so A CAPITAL RAISING is likely coming within the next 6 months or possibly sooner ...
look at this crazy boast from MEY in the quarterly activities report ...
1. if all tenements are granted then how much will they need to spend on exploration just to retain all these tenements
2. What are their plans going forward - you don’t just apply for all these tenements without a plan ??? and how will they fund such a plan
3. How much dilution / how many shares do they intend to issue, at what price and when
the latest quarterly reports (cashflow and activities) raises more questions than they address for shareholders and one thing is for sure ... SIGNIFICANT SHAREHOLDER DILUTION IS COMING
Ann: Quarterly Cashflow Report, page-2
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